Know Your Customer's Customer: Sanctions Circumvention and Ireland's New Criminal Regime

Event Details

Date: Wednesday, 30th September 

Time: 13:00 - 14:00

CPD: TBC 

Fee: Free for members, €25 for non members 

Online: Zoom

Overview

 

Ireland is moving from a jurisdiction with effectively no sanctions enforcement to one where breaching or circumventing EU sanctions will be a criminal offence, as it transposes EU Directive 2024/1226. This session is a practical briefing for compliance professionals on what is changing, why circumvention and front companies are a central risk, and the concrete steps to take before the new regime takes effect.

Key takeaways:

- What Directive 2024/1226 and the forthcoming Irish Bill mean in practice
- Why sanctions now carry personal criminal exposure for compliance teams, not just corporate risk
- How circumvention works, and why front companies and disguised end-users are the live threat
- Practical due diligence: knowing your customer's customer, red flags, documentation and escalation
- What Ireland can learn from active enforcement regimes such as the UK's

Meet our Speaker

Paul Henty, Partner, Beale & Company

 

 

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